by Calculated Risk on 4/23/2025 10:35:00 AM

Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 724,000 Annual Rate in March

Brief excerpt:

The Census Bureau reported New Home Sales in March were at a seasonally adjusted annual rate (SAAR) of 724 thousand. The previous three months were revised down, combined.
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The next graph shows new home sales for 2024 and 2025 by month (Seasonally Adjusted Annual Rate). Sales in March 2025 were up 6.0% from March 2024.

New home sales, seasonally adjusted, have increased year-over-year in 21 of the last 24 months. This is essentially the opposite of what happened with existing home sales that had been down year-over-year every month for 3+ years (existing home sales have been up year-over-year for the last 4 or the last 5 months).

There is much more in the article.

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